Ajay Piramal does it again, sells data analytics business for a profit of Rs 3,350 crore

Piramal group chairman Ajay Piramal has done it again – the art of investing in profitable future businesses and exiting at the right time with handsome profits. Piramal, who bought the US-based health information company Decision Resources Group (DRG) for $635 million (then valued at Rs 3,400 crore) in May 2012, today announced to sell it to the US-based […]

Claris sells global generic injectables business to Baxter for $625 mn

AHMEDABAD, JULY 28:   City-based pharma player, Claris Lifesciences Ltd, said the company has completed the sale of its Global Generic Injectables Business to Baxter International Inc (USA) for an enterprise value of $625 million. The company will discuss with its advisors and identify the most efficient method of transferring a significant majority of the net proceeds to […]

Dixons Carphone sells Spanish business for £50m

Dixons Carphone has offloaded its Spanish business for almost £50m as it continues a retreat from Europe that has seen it exit markets in Portugal, Germany and the Netherlands in recent years. The company said it had agreed to sell The Phone House of Spain, Smarthouse and Connected World Services Europe to Bilbao-based Global Dominion Access. Dixons […]